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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 2024
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />7 Months Ended
<br />7 Months Ended
<br />Apr 30, 2024
<br />Apr 30, 2024
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 467,060.14
<br />$ 425,000.00 .$
<br />42,060.14
<br />109.90%
<br />$ 850,000.00
<br />Hot Money Interest
<br />1 397 10
<br />,
<br />5„
<br />-..,81.00. ..
<br />816.10
<br />°
<br />. 240.46 0
<br />000.00
<br />1„, 00.0 ..
<br />Total Revenue
<br />468,457.24
<br />425,581.00
<br />42,876.24
<br />110.07 /°
<br />851,000.00
<br />Operating Expenses
<br />Postage
<br />236.56
<br />235.00
<br />1.56
<br />100.66%
<br />750.00
<br />Misc Expenses
<br />809.66
<br />730.00
<br />79.66
<br />110.91 %
<br />730.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />D &0 Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,700.00
<br />Worker's Comp
<br />646.90
<br />1,000.00
<br />(353.10)
<br />64.69%
<br />1,000.00
<br />Staff Ins:/Retirement
<br />3,954.01
<br />5,365.00
<br />(1,410.99)
<br />73,70%
<br />91200.00
<br />Meetings & Hosting
<br />21.64
<br />500.60
<br />(478.36)
<br />4.33%
<br />.500.00
<br />Chamber Management
<br />25,000.00
<br />25,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />442.15
<br />360.00
<br />82.15
<br />122,82%
<br />3,000.00
<br />Intown Auto/Exp Allowance
<br />1,400.00
<br />1,750.00
<br />(350.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />1,725.00
<br />1,825,00
<br />(100.00)
<br />94.52%
<br />6,800.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0,00%
<br />3,000.00
<br />Bookkeeping
<br />4,334.75
<br />4,081.00
<br />253.75
<br />106.22%
<br />7,000.00
<br />Payroll Expenses
<br />50,858.14
<br />51,331.00
<br />(472.86)
<br />99.08%
<br />88,000.00
<br />Payroll'Tak Expense
<br />3,997.92
<br />4,039.00
<br />(41.08)
<br />98.98%
<br />6,920.00
<br />Office Expense
<br />1,563.32
<br />1,585.00
<br />(21.68)
<br />98,63 %
<br />3,000.00
<br />Communications
<br />1,234.46
<br />2,335.00
<br />(1,100.54)
<br />52.87%
<br />4,000.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />422.82
<br />294.00
<br />128.82
<br />143.82%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />233,530,07
<br />212,500.00
<br />21,030.07
<br />109.90%
<br />425,000.00
<br />Marketing / Advertising
<br />29,877.18
<br />29,025.00
<br />852.18
<br />102.94%
<br />87,000:00
<br />Chaparral Square Dancers
<br />65,66
<br />65.00
<br />0:66
<br />101.02%
<br />2,100.00
<br />Tour de Paris Exp
<br />1,185,66
<br />1,200.00
<br />(14.34)
<br />98.81 %
<br />32,000.00
<br />ASA
<br />0,00
<br />0.00
<br />0.00
<br />0.00%
<br />15,000.00
<br />SDBA Boat Races
<br />100,00
<br />100.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />7,182,98
<br />7,400.00
<br />(217.02)
<br />97.07%
<br />14;000.00
<br />Red Bull Qualifier Exp
<br />2,994,64
<br />0.00
<br />2,994.64
<br />0,00%
<br />0.00
<br />Pump Track Event
<br />6,414.79
<br />4,300.00
<br />2,114.79
<br />149.18%
<br />6,000.00
<br />Branding Dispovery
<br />750,00
<br />750.00
<br />0.00
<br />100.00 %
<br />5,000.00
<br />Jettribe Expense
<br />0,00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Eclipse Expense
<br />301.00
<br />0.00
<br />301.00
<br />0:00 %
<br />0.00
<br />Steak Wars
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Events Promotion / Funding
<br />44,060.00
<br />45,175.00
<br />(1,115.00)
<br />97.53%
<br />60,000.00
<br />Arts,Allbcation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000:00
<br />Rent to COC
<br />7,000.00
<br />7,000.0 m
<br />0 _.....
<br />_ 0.00
<br />_ 100.00%
<br />ITIT _12 000.00
<br />Total Operating Expenses09.31
<br />440,6..
<br />418,445.00
<br />22,164.31
<br />. _ . 105.30 %
<br />886,700.00
<br />-
<br />Operating Income (Loss)
<br />27,847.93
<br />7136 00
<br />20,711,93
<br />�„
<br />390.25 %
<br />35,700.00'
<br />0
<br />NOT -HOT INCOME
<br />Trolley / Historical
<br />7,620.37
<br />5,000.00
<br />2,620.37
<br />152.41 %
<br />5,000.00
<br />Tour de Paris Income
<br />10,107.19
<br />10,100.00
<br />7.19
<br />100.07%
<br />50,000.00
<br />ASA Indoor Archery Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />TMBRA Bicycle Race
<br />14,122.80
<br />14,000.00
<br />122.80
<br />100.88%
<br />14,000.00
<br />Pump Track Event Income
<br />1,645.00
<br />1,000.00
<br />645.00
<br />164.50%
<br />1;000.00
<br />Prospective Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00 %
<br />50,000.00
<br />Souvenir Sales
<br />4,653.18
<br />4,000.00
<br />653.18
<br />116.33%
<br />4,000.00
<br />Interest Income
<br />1,501.99.
<br />mw ....._ 581..00
<br />920.99
<br />.
<br />2 /0
<br />258.52
<br />... .- .... °
<br />0
<br />1, -� ,.�0..
<br />Total Not -Hot Income
<br />39,650.53
<br />34,681.00
<br />4 969w.m 53
<br />.... 114.33 %
<br />µJ 126,500.00
<br />_ _
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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